Monday, December 3, 2012

Which kind of carport would you put on a rent house, attached with traditional construction or metal detached?

Q. I need to put a carport on a rent house. What is the cost difference between metal detached and traditional that is attached to the house with matching shingles, etc. How much would I expect to pay a contractor and what kind of contractor would do a carport? Would a roofer do one?

A. If I was going to put up a carport I'd make it look as much a part of the house as possible by attaching it to the house and match the shingles and paint. You'll need to hire a carpenter to do the job. Before you go any farther with this check with city hall to find out if there is an ordinance against carports in your town. Many towns won't allow then to be put up anymore, unless there is a grandfather clause on the books, because people think they're unsightly and bring down the value of the property.


Does the Obama home buying tax credit apply to people who own a rent house, but rent the house where they live?
Q. I know it says you cannot have owned a home in three years, does this apply to a rent house, which is considered to be a business, not a home?
I can put the rent house under a corporation, and it would not be under my name.

A. It refers to *where* you are living.

I can own a "2nd home" or rental property and still qualify if I can show I was renting my main home for the past 36 months.

Think about it. Your rental house will show up on schedule E of the 1040 for the past 3 years because of course you reported the rental income....


I want to owner fiance my rent house to my current renters. How do i go about the paper work? Who do i talk to
Q. The renters that live in my rent house right now have lived there for about 10 years and have been on time on their monthly rent. I am not in a hurry to sell my rent house but i would like to owner finace with them. The renters don't have very good credit but they are very intrested in buying with owner finance. If I owner finace it would be a win win situation. I can sell my house and maybe get some interest on top of that and the buyers would get to own their first home.

A. Here is a link to a Wiki "How-to" article that pretty much walks you through the process:

http://www.wikihow.com/Sell-Your-House-Using-a-Lease-Option

Good luck with your real estate endeavors.


how to find a rent house or safe apartment?
Q. My husband and I live in a small town and we're about to sell our house. We'd like to find a small rent house or apartment, but don't want a total dump or drug deals outside or door. How should we go about finding the right place? We also have 2 toddler boys.

A. Contact the local police department to get crime statistics for the area where you plan to rent. You could also drive around the neighborhood at different times of the day, especially in the late afternoon or evening.

Good luck





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